Oil prices were little changed in thin trade on Friday, with investors focusing on talks aimed at averting a Greek debt default.
Brent crude for August delivery was up 19 cents at $63.39 a barrel by 0334 GMT after ending the previ
Oil futures prices dipped slightly in thin trade on Friday as forecast higher production by US shale oil producers this year added to lingering worries over demand.
US July crude shed four cents to $60.41 a barrel as of 0302 GMT a
US consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the drag on inflation from lower oil prices was fading.
Other data on Thursday showed the economy was regaining
Market prices for all basic food items, especially those in high demand during Ramadan will be stable in Bahrain, a top official has asserted.
Industry and Commerce Ministry Under-Secretary for trade affairs Nader Almoayyed met wi
US producer prices in May recorded their biggest increase in more than 2-1/2 years as the cost of gasoline and food rose, suggesting that an oil-driven downward drift in prices was nearing an end.
The stabilisation in producer pri
Oil prices rose on Friday, breaking a two-day losing streak, after Opec ministers maintained their existing oil production target for another six months at a level below current output.
Speaking on his way out of Opec’s bian
The slump in crude prices has jolted the oil industry into deep cost cutting which, unlike the previous downturn, could last for a few years at least.
After overspending by the industry during the boom years, the collapse in prices in t
Bahrain’s leading telecommunications solutions provider Batelco continues its support for the Crown Prince International Scholarship Programme (CPISP), as part of its commitment to educational initiatives in the kingdom.
Business leaders have made moves to reassure the public that the price of other goods will not be raised to cover the cost of Cabinet-proposed subsidy cuts on meat.
More than 80 of Bahrain's largest retailers met yesterday at
Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that US crude stocks could fall for a fourth straight week.
Prices were also supported by comments from western di